From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2308 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, April 14 2002 Volume 02 : Number 2308 In this issue: Re: [CANSLIM] Chico's CHS [CANSLIM] Global Economics [CANSLIM] Validity of Earnings Reports Re: [CANSLIM] Validity of Earnings Reports Re: [CANSLIM] Re: [CANSLIM] Validity of Earnings Reports [CANSLIM] Growth vs Value; Small vs Large Cap RE: [CANSLIM] Validity of Earnings Reports [CANSLIM] FRE and FNM Re: [CANSLIM] RE: [CANSLIM] Chico's CHS ---------------------------------------------------------------------- Date: Sun, 14 Apr 2002 20:52:18 -0400 From: "Ira Post" Subject: Re: [CANSLIM] Chico's CHS This is a multi-part message in MIME format. - ------=_NextPart_000_0033_01C1E3F6.43D9ED20 Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable I bought CHS last fall and sold it earlier this year. After a run of = more than 50%, the price started to falter, the p/e was very high and = sales seemed to be settling down about. It's a very good company and = may have another run in it, but I'll pass. Ira ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 7:16 PM Subject: Re: [CANSLIM] Chico's CHS what I see is a decline in net after tax profit margins, combined with = funds ownership of 46%. On top of that, cash flow fell below latest full = year earnings. According to what DGO is showing, they will have to have = four back to back record quarters in fiscal '03 to even come close to = the full year forecast. Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Mona Guarino=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 9:59 PM Subject: RE: [CANSLIM] Chico's CHS John, couple cautions: 1. C: WON makes a point of saying to look for not only good a = quarter-on-quater EPS improvement, but to look for accelerating earning. = I don't see that here. 2. chart: base, not just handle, seems short. I remember (re)reading = recently to beware of short bases as they are more failure-prone, esp. = in bear markets. I think WON says 1 or 2 weeks. I agree with your point = that changes in availability of data may justify a shorter period, I = think at least a week or more would be required in order for an extreme = volume dry-up at low end Overall, I agree it looks like a CANSLIM stock, just not sure it's the = right time, and, I confess, I see the market as overall scary rather = than bullish, even in that sector. I'm interested to hear others' comments on this one. -- Mona -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of John Lessnau Sent: Sunday, April 14, 2002 2:57 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Chico's CHS I am considering CHS - Chico's Fashion, Inc. Here is why... The chart looks to be in the final stages of a cup. I little longer = handle is needed (I believe WON recommends a 4 - 8 week handle) but is = that really possible in today's information age? Back when "How to Make = Money in Stocks" was written the Web barely existed and only the most = dedicated CANSLIMers and Stock pros could find these stocks. Today, any = schmoe can find these stocks much more easily then before which may make = entry point a little quicker then in the past. The CHS Stats: a.. C: Five quarters of solid earnings with one year Q to Q increase = of 67%=20 a.. A: HOV 5 year annually earnings per share show outstanding = growth. .077 to 1.007 increase in EPS over past 5 years.=20 a.. N: "Buy stocks as they are making new highs" CHS is only 5% = below 52 week high.=20 a.. S: Only 40,182,680 shares outstanding.=20 a.. L: Technical Rating of 96 puts it 14 out of 65 stocks in its = sector.=20 a.. I: 35% institutional ownership.=20 a.. M: In a bullish sector that's ahead of the bear market. If this is not a CANSLIM stock, I give up..... Should I wait for = the handle to play out a little the catch a volume spike and a price = jump before I buy? - ------=_NextPart_000_0033_01C1E3F6.43D9ED20 Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable
I bought CHS last fall and sold it = earlier this=20 year.  After a run of more than 50%, the price started to falter, = the p/e=20 was very high and sales seemed to be settling down about.  It's a = very good=20 company and may have another run in it, but I'll pass.
 
Ira
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Sunday, April 14, 2002 = 7:16=20 PM
Subject: Re: [CANSLIM] Chico's = CHS

what I see is a decline in net after tax = profit margins,=20 combined with funds ownership of 46%. On top of that, cash flow fell = below=20 latest full year earnings. According to what DGO is showing, they will = have to=20 have four back to back record quarters in fiscal '03 to even come = close to the=20 full year forecast.
 
Tom Worley
stkguru@bellsouth.net
AIM:=20 TexWorley
----- Original Message -----=20
From: Mona=20 Guarino
To: canslim@lists.xmission.com=
Sent: Sunday, April 14, 2002 9:59 PM
Subject: RE: [CANSLIM] Chico's CHS

John, couple cautions:
 
1.=20 C: WON makes a point of saying to look for not only good a = quarter-on-quater=20 EPS improvement, but to look for accelerating earning. I don't see that=20 here.
 
2.=20 chart: base, not just handle, seems short. I remember (re)reading = recently to=20 beware of short bases as they are more failure-prone, esp. in bear = markets. I=20 think WON says 1 or 2 weeks. I agree with your point that changes in=20 availability of data may justify a shorter period, I think at least a = week or=20 more would be required in order for an extreme volume=20 dry-up at low end
 
Overall, I agree it looks like a CANSLIM stock, just not sure = it's the=20 right time, and, I confess, I see the market as overall scary rather = than=20 bullish, even in that sector.
 
I'm=20 interested to hear others' comments on this one.
 
--=20 Mona
 
 -----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of John=20 Lessnau
Sent: Sunday, April 14, 2002 2:57 PM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Chico's=20 CHS

I am considering CHS - Chico's Fashion, = Inc.  Here is=20 why...
 
 
The chart looks to be in the final stages of a = cup. =20 I little longer handle is needed (I believe WON recommends a 4 - 8 = week=20 handle) but is that really possible in today's information = age?  Back=20 when "How to Make Money in Stocks" was written the Web barely = existed and=20 only the most dedicated CANSLIMers and Stock pros could find = these=20 stocks. Today, any schmoe can find these stocks much more = easily then=20 before which may make entry point a little quicker then in the=20 past.
 
The CHS Stats:
 
  • C: Five quarters of solid earnings with one year = Q to Q=20 increase of 67%=20
  • A:  HOV 5 year annually earnings per share = show=20 outstanding growth.  .077 to 1.007 increase in EPS over past 5=20 years.=20
  • N: "Buy stocks as they are making new = highs"  CHS is=20 only 5% below 52 week high.=20
  • S: Only 40,182,680 shares outstanding.=20
  • L:  Technical Rating of 96 puts it 14 out of = 65 stocks=20 in its sector.=20
  • I:  35% institutional ownership.=20
  • M:  In a bullish sector that's ahead of the = bear=20 market.
    •  
    If this is not a CANSLIM stock, I give = up..... =20 Should I wait for the handle to play out a little the catch a = volume=20 spike and a price jump before I=20 buy?
    - ------=_NextPart_000_0033_01C1E3F6.43D9ED20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 20:51:26 -0400 From: "Tom Worley" Subject: [CANSLIM] Global Economics Interesting article on a report to be released by the Int'l Monetary Fund on Thursday, giving forecasts of economic growth for this year and next. http://biz.yahoo.com/ap/020414/world_outlook_1.html USA has the strongest forecast (2.5% this year, 4% next year), several nations still expected to decline in 2002 from 2001, no surprise, Japan is among them. Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:06:32 -0400 From: "Ira Post" Subject: [CANSLIM] Validity of Earnings Reports This is a multi-part message in MIME format. - ------=_NextPart_000_0047_01C1E3F8.41187140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable This has become a huge issue in the last year. I'm bringing it up to = this list because earnings growth is such an important part of CANSLIM. = What do you do to protect yourselves from companies that fudge their = real earnings? - ------=_NextPart_000_0047_01C1E3F8.41187140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
    This has become a huge issue in the = last=20 year.  I'm bringing it up to this list because earnings growth is = such an=20 important part of CANSLIM.  What do you do to protect yourselves = from=20 companies that fudge their real earnings?
    - ------=_NextPart_000_0047_01C1E3F8.41187140-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:11:41 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Validity of Earnings Reports This is a multi-part message in MIME format. - ------=_NextPart_000_006C_01C1E3F8.F972A800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Ira, I don't think you can protect yourself from a company that is = deliberately falsifying their financials, or using creative accounting = to cover up real issues. you would have to not only have an accounting degree, but go in and do = an independent audit, which is not practical. Best you can do is look for consistency (and inconsistencies) in the 10Q = and 10K reports. Read Management's discussion. Question or dig deeper = into anything that doesn't make logical sense. Look for any changes in = accounting procedures from prior periods. Even before Enron, I preferred stocks showing consistent top and bottom = line growth both sequentially and year to year. Now, that is even more = important to me. If they are fudging, at least they are doing it = consistently. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Ira Post=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 9:06 PM Subject: [CANSLIM] Validity of Earnings Reports This has become a huge issue in the last year. I'm bringing it up to = this list because earnings growth is such an important part of CANSLIM. = What do you do to protect yourselves from companies that fudge their = real earnings? - ------=_NextPart_000_006C_01C1E3F8.F972A800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
    Ira, I don't think you can protect yourself from = a company=20 that is deliberately falsifying their financials, or using creative = accounting=20 to cover up real issues.
     
    you would have to not only have an accounting = degree, but=20 go in and do an independent audit, which is not practical.
     
    Best you can do is look for consistency (and=20 inconsistencies) in the 10Q and 10K reports. Read Management's = discussion.=20 Question or dig deeper into anything that doesn't make logical sense. = Look for=20 any changes in accounting procedures from prior periods.
     
    Even before Enron, I preferred stocks showing = consistent=20 top and bottom line growth both sequentially and year to year. Now, that = is even=20 more important to me. If they are fudging, at least they are doing it=20 consistently.
     
    Tom Worley
    stkguru@bellsouth.net
    AIM:=20 TexWorley
    ----- Original Message -----=20
    From: Ira Post =
    Sent: Sunday, April 14, 2002 9:06 PM
    Subject: [CANSLIM] Validity of Earnings Reports

    This has become a huge issue in the = last=20 year.  I'm bringing it up to this list because earnings growth is = such an=20 important part of CANSLIM.  What do you do to protect yourselves = from=20 companies that fudge their real earnings?
    - ------=_NextPart_000_006C_01C1E3F8.F972A800-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:08:21 -0400 From: "William King" Subject: Re: [CANSLIM] As a new member of the list and relatively new to CANSLIM, I'm interested in anything that will make me a better stock picker. I've already learned that it isn't all in WON's books so I appreciate almost all of the dialogue. I'm particularly interested in approaches, software, web sites, etc. that would make the search for CANSLIM stocks more effective. For example, I signed up for DGO too late to use the beta site and note that DGO is offering a discounted price to current subscribers for the two new elements "custom screening" and "industry groups". Would like inputs from those of you that used the beta site on whether they worthwhile as compared to VectorVest etc. Thanks, Bill King - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Sunday, April 14, 2002 6:42 PM Subject: Re: [CANSLIM] > The simplest thing is to stick to CANSLIM stocks when discussing stocks, also fine > is CANSLIM methodology, which probably comes up as a topic more than actual > stocks. > > Things to avoid posting about are penny type stocks, value plays, cyclicals, precious > metals, etc. > > Peripheral stuff that I don't think people mind are suggestions on web sites and links > to the occasional article, discussions of software (vector vest, quotes plus and > telechart 2000 come up from time to time), and discussions of brokers. > > On 14 Apr 2002 at 13:14, Ira Post wrote: > > > Maybe we can agree on some guidelines here. Can someone with more > > experience in the group suggest something that will be reasonable for > > everyone? > > > > Ira > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:20:15 -0400 From: "Ira Post" Subject: Re: [CANSLIM] Validity of Earnings Reports This is a multi-part message in MIME format. - ------=_NextPart_000_0053_01C1E3FA.2BBCB0C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good points Tom. Another thing I'm starting to do is to check the = Operating Cash Flow from the Cash Flow statement against the earnings. = I'd like to learn more about Cash Flow statements. Ira - ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 9:11 PM Subject: Re: [CANSLIM] Validity of Earnings Reports Ira, I don't think you can protect yourself from a company that is = deliberately falsifying their financials, or using creative accounting = to cover up real issues. you would have to not only have an accounting degree, but go in and do = an independent audit, which is not practical. Best you can do is look for consistency (and inconsistencies) in the = 10Q and 10K reports. Read Management's discussion. Question or dig = deeper into anything that doesn't make logical sense. Look for any = changes in accounting procedures from prior periods. Even before Enron, I preferred stocks showing consistent top and = bottom line growth both sequentially and year to year. Now, that is even = more important to me. If they are fudging, at least they are doing it = consistently. Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Ira Post=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 9:06 PM Subject: [CANSLIM] Validity of Earnings Reports This has become a huge issue in the last year. I'm bringing it up to = this list because earnings growth is such an important part of CANSLIM. = What do you do to protect yourselves from companies that fudge their = real earnings? - ------=_NextPart_000_0053_01C1E3FA.2BBCB0C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
    Good points Tom.  Another thing = I'm starting=20 to do is to check the Operating Cash Flow from the Cash Flow statement = against=20 the earnings.  I'd like to learn more about Cash Flow=20 statements.
     
    Ira
     
    ----- Original Message -----
    From:=20 Tom=20 Worley
    Sent: Sunday, April 14, 2002 = 9:11=20 PM
    Subject: Re: [CANSLIM] Validity = of=20 Earnings Reports

    Ira, I don't think you can protect yourself = from a=20 company that is deliberately falsifying their financials, or using = creative=20 accounting to cover up real issues.
     
    you would have to not only have an accounting = degree,=20 but go in and do an independent audit, which is not = practical.
     
    Best you can do is look for consistency (and=20 inconsistencies) in the 10Q and 10K reports. Read Management's = discussion.=20 Question or dig deeper into anything that doesn't make logical sense. = Look for=20 any changes in accounting procedures from prior periods.
     
    Even before Enron, I preferred stocks showing = consistent=20 top and bottom line growth both sequentially and year to year. Now, = that is=20 even more important to me. If they are fudging, at least they are = doing it=20 consistently.
     
    Tom Worley
    stkguru@bellsouth.net
    AIM:=20 TexWorley
    ----- Original Message -----=20
    From: Ira Post =
    Sent: Sunday, April 14, 2002 9:06 PM
    Subject: [CANSLIM] Validity of Earnings = Reports

    This has become a huge issue in the = last=20 year.  I'm bringing it up to this list because earnings growth is = such an=20 important part of CANSLIM.  What do you do to protect yourselves = from=20 companies that fudge their real=20 earnings?
    - ------=_NextPart_000_0053_01C1E3FA.2BBCB0C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:16:46 -0400 From: "Tom Worley" Subject: [CANSLIM] Growth vs Value; Small vs Large Cap Interesting article, for those interested http://biz.yahoo.com/rb/020414/bizstocks_1.html Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:16:43 -0700 From: "Mona Guarino" Subject: RE: [CANSLIM] Validity of Earnings Reports This is a multi-part message in MIME format. - ------=_NextPart_000_0058_01C1E3F9.ACE90A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit 1. Read the annual reports & SEC filings, including footnotes. What's really included, excluded, etc? Do the EPS #s included one-time charges for sale of property, stuff like that. 2. Late last year, I added checking who did the auditing for stocks I owned and was interested in to my research checklist. I found I was invested in no companies with Arthur Andersen as their accountant (or at least not after dumping ENE). I do NOT think ALL audits by AA were bad, but after Sunbeam, Enron, Waste Management, etc, just seemed like a simple prudent extra step. 3. Watch for news using multiple sources. To an extent, the media is so intent to catch the next ENE, that anything even hinting of stretching the rules is likely to come up somewhere. Very interested to hear what reasonable steps might be suggested from some of the more experienced among us . . . - -- Mona -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ira Post Sent: Sunday, April 14, 2002 6:07 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Validity of Earnings Reports This has become a huge issue in the last year. I'm bringing it up to this list because earnings growth is such an important part of CANSLIM. What do you do to protect yourselves from companies that fudge their real earnings? - ------=_NextPart_000_0058_01C1E3F9.ACE90A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
    1.=20 Read the annual reports & SEC filings, including footnotes. What's = really=20 included, excluded, etc? Do the EPS #s included one-time charges for = sale of=20 property, stuff like that.
     
    2.=20 Late last year, I added checking who did the auditing for stocks I owned = and was=20 interested in to my research checklist. I found I was invested in no = companies=20 with Arthur Andersen as their accountant (or at least not after dumping = ENE). I=20 do NOT think ALL audits by AA were bad, but after Sunbeam, Enron, Waste=20 Management, etc, just seemed like a simple prudent extra=20 step.
     
    3.=20 Watch for news using multiple sources. To an extent, the media is so = intent to=20 catch the next ENE, that anything even hinting of stretching the rules = is likely=20 to come up somewhere.
     
    Very=20 interested to hear what reasonable steps might be suggested from some of = the=20 more experienced among us . . .
     
    --=20 Mona
    -----Original Message-----
    From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ira=20 Post
    Sent: Sunday, April 14, 2002 6:07 PM
    To:=20 canslim@lists.xmission.com
    Subject: [CANSLIM] Validity of = Earnings=20 Reports

    This has become a huge issue in the = last=20 year.  I'm bringing it up to this list because earnings growth is = such an=20 important part of CANSLIM.  What do you do to protect yourselves = from=20 companies that fudge their real=20 earnings?
    - ------=_NextPart_000_0058_01C1E3F9.ACE90A00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:26:28 EDT From: Chazmoore@aol.com Subject: [CANSLIM] FRE and FNM - --part1_31.25583572.29eb8644_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Since M is such an important part of CANSLIM, did anyone read the Barron's article on homebuilding, or perhaps hear Roger Arnold's radio broadcast about the over extension of Freddie M and Fanni M? These two quasi-governmental agencies now carry more debt than the US Treasury. Arnold suggests the boom in homebuilding over the past year or so is attributed to FRE and FNM loose mortgage requirements. Further, if there is a slowdown in mortgage demand, these two agencies could be in trouble. I am no expert in this field but it reminds me of the Savings and Loan problem of the 1980s. Any comments from anyone who knows this industry? Charley - --part1_31.25583572.29eb8644_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Since M is such an important part of CANSLIM, did anyone read the Barron's article on homebuilding, or perhaps hear Roger Arnold's radio broadcast about the over extension of Freddie M and Fanni M? These two quasi-governmental agencies now carry more debt than the US Treasury. Arnold suggests the boom in homebuilding over the past year or so is attributed to FRE and FNM loose mortgage requirements. Further, if there is a slowdown in mortgage demand, these two agencies could be in trouble.
    I am no expert in this field but it reminds me of the Savings and Loan problem of the 1980s. Any comments from anyone who knows this industry?
    Charley     - --part1_31.25583572.29eb8644_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 21:27:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Bill, I have been using DGO since its original beta testing some years ago. My biggest complaint was that there was no screening capability (even if you downloaded the index to the books into Excel, you still only were getting the 2200 or so stocks in the books, not the 8500 or so publicly traded). I was very excited when they finally introduced the Custom Screens, altho frankly time limitations made it difficult for me to work with them to the extent I wanted. I did get several screens set up, which I checked religiously every day for the past five months or so. But I found that my style and application of CANSLIM gave me far more candidates by using CBS Marketwatch's free screen, than I ever got from DGO. If I was offered the Custom Screens, and the Industry Performance, for $25 or so, then I would take it. But for me, it's not worth what they are charging. I simply found the screens too complicated, too often resulting in no stocks being found. Then I had to do analysis of stocks that should have showed up, to figure out which criteria kicked them out, and by how much. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message ----- From: "William King" To: Sent: Sunday, April 14, 2002 9:08 PM Subject: Re: [CANSLIM] As a new member of the list and relatively new to CANSLIM, I'm interested in anything that will make me a better stock picker. I've already learned that it isn't all in WON's books so I appreciate almost all of the dialogue. I'm particularly interested in approaches, software, web sites, etc. that would make the search for CANSLIM stocks more effective. For example, I signed up for DGO too late to use the beta site and note that DGO is offering a discounted price to current subscribers for the two new elements "custom screening" and "industry groups". Would like inputs from those of you that used the beta site on whether they worthwhile as compared to VectorVest etc. Thanks, Bill King - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Sunday, April 14, 2002 6:42 PM Subject: Re: [CANSLIM] > The simplest thing is to stick to CANSLIM stocks when discussing stocks, also fine > is CANSLIM methodology, which probably comes up as a topic more than actual > stocks. > > Things to avoid posting about are penny type stocks, value plays, cyclicals, precious > metals, etc. > > Peripheral stuff that I don't think people mind are suggestions on web sites and links > to the occasional article, discussions of software (vector vest, quotes plus and > telechart 2000 come up from time to time), and discussions of brokers. > > On 14 Apr 2002 at 13:14, Ira Post wrote: > > > Maybe we can agree on some guidelines here. Can someone with more > > experience in the group suggest something that will be reasonable for > > everyone? > > > > Ira > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 14 Apr 2002 18:27:29 -0700 (PDT) From: Simon Yang Subject: RE: [CANSLIM] Chico's CHS Hi there, It is real fun to have so many canslim investors to exchange ideas here. This is my first time going around. Simon Yang www.simoninvestments.net - --- Mona Guarino wrote: > John, couple cautions: > > 1. C: WON makes a point of saying to look for not > only good a > quarter-on-quater EPS improvement, but to look for > accelerating earning. I > don't see that here. > > 2. chart: base, not just handle, seems short. I > remember (re)reading > recently to beware of short bases as they are more > failure-prone, esp. in > bear markets. I think WON says 1 or 2 weeks. I agree > with your point that > changes in availability of data may justify a > shorter period, I think at > least a week or more would be required in order for > an extreme volume dry-up > at low end > > Overall, I agree it looks like a CANSLIM stock, just > not sure it's the right > time, and, I confess, I see the market as overall > scary rather than bullish, > even in that sector. > > I'm interested to hear others' comments on this one. > > -- Mona > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of John Lessnau > Sent: Sunday, April 14, 2002 2:57 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Chico's CHS > > > I am considering CHS - Chico's Fashion, Inc. Here > is why... > > > The chart looks to be in the final stages of a > cup. I little longer > handle is needed (I believe WON recommends a 4 - 8 > week handle) but is that > really possible in today's information age? Back > when "How to Make Money in > Stocks" was written the Web barely existed and only > the most dedicated > CANSLIMers and Stock pros could find these stocks. > Today, any schmoe can > find these stocks much more easily then before which > may make entry point a > little quicker then in the past. > > The CHS Stats: > > a.. C: Five quarters of solid earnings with one > year Q to Q increase of > 67% > a.. A: HOV 5 year annually earnings per share > show outstanding growth. > .077 to 1.007 increase in EPS over past 5 years. > a.. N: "Buy stocks as they are making new highs" > CHS is only 5% below 52 > week high. > a.. S: Only 40,182,680 shares outstanding. > a.. L: Technical Rating of 96 puts it 14 out of > 65 stocks in its sector. > a.. I: 35% institutional ownership. > a.. M: In a bullish sector that's ahead of the > bear market. > > If this is not a CANSLIM stock, I give up..... > Should I wait for the > handle to play out a little the catch a volume spike > and a price jump before > I buy? > __________________________________________________ Do You Yahoo!? Yahoo! Tax Center - online filing with TurboTax http://taxes.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2308 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.